January 2025

What Pizza Can Teach Us About the Economy

The extent of my pizza knowledge is that it’s delicious, and I love to eat it. But there’s also this New York economics idea called the “pizza principle”. In a normally functioning economy, a slice of cheese pizza will always be the same price as a subway ride. Since 1980, it’s actually been fairly accurate—rises in pizza prices have indeed been able to predict price hikes in public...

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